Raymond James (NYSE:RJF) Insider Bella Loykhter Allaire Sells 1,170 Shares

Raymond James (NYSE:RJF) insider Bella Loykhter Allaire sold 1,170 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $169.43, for a total transaction of $198,233.10. Following the completion of the transaction, the insider now directly owns 80,421 shares in the company, valued at approximately $13,625,730.03. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bella Loykhter Allaire also recently made the following trade(s):

• On Tuesday, December 3rd, Bella Loykhter Allaire sold 3,451 shares of Raymond James stock. The stock was sold at an average price of $165.62, for a total value of $571,554.62.

Raymond James Price Performance

Shares of RJF stock traded down $1.47 on Tuesday, reaching $165.48. The company had a trading volume of 1,246,031 shares, compared to its average volume of 1,142,133. The stock has a market capitalization of $33.76 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.00. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average is $145.46 and its 200 day moving average is $127.69. Raymond James has a one year low of $104.24 and a one year high of $171.38.

Raymond James (NYSE:RJF) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.30%. The firm had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Equities research analysts forecast that Raymond James will post 10.83 EPS for the current fiscal year.

Raymond James Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.21%. This is an increase from Raymond James’s previous quarterly dividend of $0.45. Raymond James’s dividend payout ratio is currently 18.54%.

Wall Street Analyst Weigh In

Several research firms have weighed in on RJF. Bank of America increased their price objective on Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their price target on shares of Raymond James from $140.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. TD Cowen increased their target price on shares of Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on shares of Raymond James from $125.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group increased their price target on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Raymond James currently has a consensus rating of “Hold” and an average price target of $140.91.

Institutional Investors Weigh In On Raymond James

A number of institutional investors have recently added to or reduced their stakes in RJF. Wellington Management Group LLP lifted its holdings in Raymond James by 31.4% during the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after buying an additional 2,898,242 shares during the period. Ceredex Value Advisors LLC boosted its holdings in shares of Raymond James by 191.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock worth $88,464,000 after buying an additional 474,443 shares in the last quarter. AGF Management Ltd. grew its holdings in Raymond James by 17.2% in the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock worth $318,972,000 after purchasing an additional 378,033 shares during the period. Two Sigma Advisers LP bought a new stake in Raymond James in the third quarter valued at $34,105,000. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Raymond James during the third quarter valued at about $28,985,000. 83.83% of the stock is owned by institutional investors.

Raymond James Company Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.